Learn More About Debt Management Plans
Get the lastest information on debt management plans and whether they can help you with your debt problems
What is a Debt Management Plan?
If you’re struggling to afford your monthly payments on loans, credit cards, store cards or other borrowing then a Debt Management Plan is an option which could see these reduced and therefore make your outgoings more affordable.
A Debt Management Plan is put in place by negotiating with your creditors to gain their agreement on reducing the amount you have to pay them back every month. While your overall debt will not be reduced, this type of plan can provide you with considerable breathing space and help put a stop to you borrowing from one company in order to pay another.
What Debt1.co.uk can do for You
At Debt1.co.uk our expert staff are experienced in dealing with Debt Management Plans and may be able to gain agreement on a significant reduction on how much you’re currently paying. We take all the stress out of the negotiating process for you so you can relax knowing your finances are in capable hands.
By employing our services, your creditors will be aware that you’re treating your outstanding debt seriously and are committed to coming to an arrangement to pay them back. The reduction in payments you make may also be improved through using our knowledgeable staff as opposed to calling each company directly yourself.
The proactive approach of a Debt Management Plan is much more preferable to ignoring your debts, both for you and your creditors.
Is a Debt Management Plan Right for You?
At Debt1.co.uk you’ll be treated as an individual and as such we’ll assess your financial circumstances before making a decision on your suitability. Generally speaking, a Debt Management Plan is best for sums of under £15,000 as the debt itself has to be paid off in full over a period of time. There are a number of other criteria which are also taken into account.
So to find out more about Debt Management Plans and whether they’re right for you, give us a call now on 0800 043 4747.
Chris Pracy is Marketing Manager for Accuma Group Plc. Chris manages a number of debt management and debt advice related websites including www.debtsolver.co.uk, www.simpleiva.com and www.debt1.co.uk
